The meat-processing giant announced on Friday plans to close one beef facility in Lexington, Neb., and will also lower production at its beef plant in Amarillo, Texas.

The decision will impact up to 5,000 workers across the two facilities.

The company said earlier this month it expects losses in its beef business to be up to $600 million for its current fiscal year.

https://finance.yahoo.com/news/tyson-foods-to-close-nebraska-plant-as-it-faces-600-million-loss-in-beef-business-214329463.html